When cargo in transit not deemed to have acquired a situs for taxation

Va. Code Ann. § 58.1-3514
in effect
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Cargo, merchandise and equipment in transit which is stored, located or housed temporarily in a marine or airport terminal prior to being transported by vessels or aircraft to a point outside the Commonwealth, shall not acquire a situs for property taxation by the Commonwealth or any of its counties, cities or towns. Code 1950, § 58-834.3; 1983, c. 225; 1984, c. 675.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/58.1-3514/Fetched: 10/16/2026

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